Business
Zagrebacka banka d d : 2024 Remuneration Policy
Zagrebacka banka d d : 2024 Remuneration
About this update from Zagrebacka Banka Dd
[{"type":"text","content":"\n 2024 Remuneration Policy for Zagrebačka\n \n \n banka Group\n \n \n \n Table of Contents\n \n \n POLICY REQUIREMENT AND PURPOSE 2\n \n \n APPLICABILITY AND SCOPE 2\n \n \n MINIMUM GOVERNANCE REQUIREMENTS 2\n \n \n ROLES AND RESPONSIBILITIES 66\n \n \n POLICY REQUIREMENT AND PURPOSE\n \n \n \n This document (hereinafter also \"ZABA Group Remuneration Policy\" or \"Policy\") defines the principles and rules that have to be applied to ensure the setting, monitoring and controlling of the compensation systems and practices adopted by Zagrebačka Banka Group (Zagrebačka banka d.d., Zagreb Nekretnine d.o.o. (ZANE), ZANE BH and UniCredit Leasing d.o.o. (UCLC).\n \n \n In particular, this Policy describes the Group mission and values in Group compensation approach, the pillars of compensation, the corporate and organizational governance structures and processes, as well as the compliance requirements; it supports the use of benchmarking for market practices; it indicates the compensation approaches that have to contribute to the sustainability of the Group; it details the total compensation elements, as well as sets the pay-mix guidelines; it provides the guidelines for the definition of the Group incentive systems, for the assignment of benefits and for the application of compliance drivers.\n \n \n APPLICABILITY AND SCOPE\n \n \n \n The Policy meets the requirements of the Circular n. 285 of 17th December 2013, First Part, Title IV, Chapter 2, Section 1 and 2 on compensation and incentive systems policies and practices issued by Bank of Italy which states that the Parent Company, in the exercise of its direction and coordination power, produces the remuneration policy document of the entire Banking Group, ensuring its overall consistency. The Parent Company also ensures that the remuneration practices in the Group Companies comply with the principles and rules contained in this Chapter and, in the case of Foreign Companies, that they are not in conflict with the national law of the Country in which they are established.\n \n \n This document also meets the requirements of Directive 2019/878/EU (CRD V) with respect to remuneration requirements. In accordance with CRD V, institutions have to apply the remuneration requirements at group, parent and subsidiary levels, including within subsidiaries that are not themselves subject to th...